Standard Chartered (OTCMKTS:SCBFF) Hits New 12-Month High – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFF)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $26.7669 and last traded at $26.7669, with a volume of 2566 shares changing hands. The stock had previously closed at $26.00.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SCBFF. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Friday, May 1st. BNP Paribas Exane upgraded Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods upgraded Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Standard Chartered Trading Up 3.2%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $59.66 billion, a P/E ratio of 12.80 and a beta of 0.68. The firm has a 50-day moving average of $23.07 and a two-hundred day moving average of $23.31.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. On average, analysts anticipate that Standard Chartered PLC will post 2.26 EPS for the current year.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.